NASDAQ:PLUGPlug Power Stock Price, Forecast & News

$4.11

-0.06 (-1.44 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$4.05

Now: $4.11▼

$4.17

50-Day Range

$3.35

MA: $4.16▼

$4.55

52-Week Range

$1.86

Now: $4.11▼

$6.05

Volume4.94 million shs

Average Volume14.76 million shs

Market Capitalization$1.33 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.22

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive fuel cells, GenSure products, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFund, which offers financing solutions to customers. The company offers its products to distribution and manufacturing businesses, and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Plug Power has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.68, Plug Power has a potential upside of 38.2% from its current price of $4.11.
Amount of Analyst Coverage
Plug Power has only been the subject of 4 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
Plug Power has received 562 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Plug Power has received 415 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Plug Power has received 57.52% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Plug Power and other stocks. Vote “Outperform” if you believe PLUG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PLUG will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Plug Power does not currently pay a dividend.
Dividend Growth
Plug Power does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plug Power insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,220,804.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Plug Power is held by insiders.
Percentage Held by Institutions
43.75% of the stock of Plug Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Plug Power are expected to grow in the coming year, from ($0.34) to ($0.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plug Power is -11.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plug Power is -11.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Plug Power has a P/B Ratio of 7.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Electrical industrial apparatus

Sub-IndustryN/A

SectorIndustrial Products

Current SymbolNASDAQ:PLUG

Previous Symbol

CUSIPN/A

CIK1093691

Webwww.plugpower.com

Phone518-782-7700

Debt

Debt-to-Equity Ratio4.25

Current Ratio1.83

Quick Ratio1.21

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$230.24 million

Price / Sales5.79

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.52 per share

Price / Book7.90

Profitability

EPS (Most Recent Fiscal Year)($0.34)

Net Income$-85,460,000.00

Net Margins-38.85%

Return on Equity-169.08%

Return on Assets-14.60%

Miscellaneous

Employees575

Outstanding Shares324,284,000

Market Cap$1.33 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Plug Power (NASDAQ:PLUG) Frequently Asked Questions

How has Plug Power's stock been impacted by COVID-19 (Coronavirus)?

Plug Power's stock was trading at $3.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PLUG shares have increased by 8.7% and is now trading at $4.11. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Plug Power?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Plug Power.

When is Plug Power's next earnings date?

Plug Power is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Plug Power.

How were Plug Power's earnings last quarter?

Plug Power Inc (NASDAQ:PLUG) released its quarterly earnings data on Thursday, May, 7th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.10) by $0.02. The electronics maker had revenue of $40.81 million for the quarter, compared to analyst estimates of $33.17 million. Plug Power had a negative return on equity of 169.08% and a negative net margin of 38.85%. View Plug Power's earnings history.

What price target have analysts set for PLUG?

7 brokers have issued 12 month target prices for Plug Power's shares. Their forecasts range from $3.00 to $7.00. On average, they anticipate Plug Power's stock price to reach $5.68 in the next twelve months. This suggests a possible upside of 38.2% from the stock's current price. View analysts' price targets for Plug Power.

What are Wall Street analysts saying about Plug Power stock?

Here are some recent quotes from research analysts about Plug Power stock:

1. According to Zacks Investment Research, "Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. " (3/7/2020)
2. HC Wainwright analysts commented, "We believe revenue strength in the quarter was driven by continued uptake in deployments and recognition from some of the shift that took place in 1Q19. Plug reported deploying 2,000 GenDrive units in the quarter, a 70% YoY increase, and now has a total of approximately 28,000 fuel cell systems deployed in the market. GAAP and adjusted gross profit for the quarter was $10.1M or gross margin of 17.3% of revenues vs. a gross loss of $6.8M, or a gross loss margin of 29.7% in 1Q19, supported by higher revenues. We believe the higher revenue periods in 2H19 should keep gross margins in the black. However, investors should expect GAAP gross margins to fluctuate depending on the impact of provision related to warrants until a cumulative of $600M of qualified purchases have been reached with Amazon (AMZN; not rated) and Walmart (WMT; not rated)." (8/7/2019)

Has Plug Power been receiving favorable news coverage?

News coverage about PLUG stock has trended somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Plug Power earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned media headlines about the electronics maker a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the near future. View the latest news aboutPlug Power.

Who are some of Plug Power's key competitors?

Some companies that are related to Plug Power include Woodward, Inc.Common Stock (WWD), Ballard Power Systems (BLDP), GrafTech International (EAF), Bloom Energy (BE), Hollysys Automation Technologies (HOLI), Thermon Group (THR), SCI Engineered Materials (SCIA), Ideal Power (IPWR) and China Carbon Graphite Group (CHGI). View all competitors.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Ballard Power Systems (BLDP), Advanced Micro Devices (AMD), Bank of America (BAC), Canopy Growth (CGC), Micron Technology (MU), Hemp (HEMP), Ford Motor (F), Tesla (TSLA) and Nokia Oyj (NOK).

Who are Plug Power's key executives?

Plug Power's management team includes the following people:

Mr. Andrew J. Marsh, Pres, CEO & Director (Age 63)
Mr. Paul B. Middleton, Sr. VP & CFO (Age 52)
Mr. Keith C. Schmid, Sr. VP & COO (Age 56)
Mr. Gerard L. Conway Jr., Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
Mr. Jose Luis Crespo, VP of Global Sales (Age 49)

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.51%), Odey Asset Management Group Ltd (2.41%), State Street Corp (2.08%), KAMES CAPITAL plc (1.87%), Pinnacle Associates Ltd. (1.50%) and Geode Capital Management LLC (1.24%). Company insiders that own Plug Power stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory B Graves, Keith Schmid, Martin Daniel Hull and Maureen O Helmer. View institutional ownership trends for Plug Power.

Which institutional investors are selling Plug Power stock?

PLUG stock was sold by a variety of institutional investors in the last quarter, including Odey Asset Management Group Ltd, Geode Capital Management LLC, Two Sigma Investments LP, Invesco Ltd., UBS Group AG, Nuveen Asset Management LLC, Bluestein R H & Co., and KBC Group NV. Company insiders that have sold Plug Power company stock in the last year include Andrew Marsh, Fivet Capital Holding Ag, Gerard L Conway Jr, Keith Schmid, Martin Daniel Hull, and Maureen O Helmer. View insider buying and selling activity for Plug Power.

Which institutional investors are buying Plug Power stock?

PLUG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Driehaus Capital Management LLC, Pinnacle Associates Ltd., State Street Corp, Alliancebernstein L.P., Squarepoint Ops LLC, Alps Advisors Inc., and Parametric Portfolio Associates LLC. Company insiders that have bought Plug Power stock in the last two years include Andrew Marsh, and George C Mcnamee. View insider buying and selling activity for Plug Power.

How do I buy shares of Plug Power?

Shares of PLUG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $4.11.

How big of a company is Plug Power?

Plug Power has a market capitalization of $1.33 billion and generates $230.24 million in revenue each year. The electronics maker earns $-85,460,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis. Plug Power employs 575 workers across the globe.

What is Plug Power's official website?

The official website for Plug Power is www.plugpower.com.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The electronics maker can be reached via phone at 518-782-7700 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff